Newer 3 bed 2 bath houses are flexible for use by military or civilians, and encourages a more established tenant than the 18 year old single airman, sailor, soldier. 

Thank you @Michael Lee That was really encouraging, I really appreciate the "can-do" spirit!

@Michael Lee Thanks for the advice and encouragement, I hope to meet you one day.  

I do think that the guys on the Bigger Pockets podcast have the right idea encouraging people to jump in once they have a feel for what they are doing but people should know that you are not going to be perfect on the first project.

We will put a 90 day deadline on the contract but between you and me, that is only to help encourage the loss mitigator to move on this.  

If we're talking about Ash St, although its up to you, I always encourage people to look into a crime map of the area and see how comfortable they are with it. 

I'd encourage you to play around with some of the calculators on this site, they are great for flip estimating and calculating what you'd need in rent.  

Thanks everyone for the welcome messages, I truly appreciate the encouragement and offers of assistance.  

You mentioned avoiding sales, but I would encourage you to understand the value of sales skills.

Listing agents certainly do Not encourage banks to ask for higher prices, it blow up deals, like this one, and the agent makes no commission....just uninformed speculation by others.